gurjot_galwatti

gurjot_galwatti

New Zealand dollar is heading towards major resistance 0.65000 against the US dollar following a respite in US-Sino trade tensions. Technically, the pair has sustained the breakout of a downward wedge pattern in a daily time frame chart and would face immediate resistance level at 0.64829. The increase in selling pressure will force it to climb until the second...

gurjot_galwatti

Though the Index has witnessed first resistance at 10918 but there is a high possibility that dip buyers will force it to breach this level. This is due to the formation of a positive divergence pattern with price and RSI indicator in a daily time frame chart. The pattern signifies the correction in Nifty prices albeit RSI has been consistently moving upwards from...

gurjot_galwatti

Market has conviction that Federal Reserve will cut down interest rates during their 18th June meeting, to hinder the slowdown in global growth, which has been saddled with protracted trade tensions between America and China. Perhaps, there is no likely imminent resolve between these two economies even during G20 summit in Osaka, Japan. Therefore, all the above...

gurjot_galwatti

There is a good opportunity of short position in TATAMOTORS DVR that is saddled with dwindling sales of its product across the globe. Technically, one can observe formation of ascending triangle pattern in a daily time frame. The stop loss is set at 89.05 and Take profit is fixed at 70.75